Adam Jackson
๐ค SpeakerAppearances Over Time
Podcast Appearances
When you write your smart contract in Solidity and then compile it and run it on Ethereum, one of the inputs is how many tokens are there ever allowed to be in existence.
Once that contract is pushed to the blockchain, there's no changing it unless people decided to start over and we started from scratch on a different network.
But that's locked into the blockchain now.
And that's what gives the token scarcity, right?
That means I can't change my mind later and dilute everybody and dilute our members and that kind of thing.
That's where the blockchain comes in, right?
You just can't rewrite that.
It's immutable.
And that's why this is a new business model that couldn't have been done before blockchain tech.
Yeah, great.
Great question.
So so so even today, before the live token is actually on the blockchain, we're still on testnet today.
We've we actually have thousands of people working toward earning credits that will convert into our token.
Right.
So we just keep track of them in a database.
But these are people that are developers, designers, building the marketers, people making introductions to clients.
They're all earning credits.
credits that will convert into this token when we launch next year.
So when we launch, a big portion of the tokens will already have been spoken for and will be distributed to these folks that have been helping us for two years now.
The rest that have been unallocated will sit in treasury.